Coin / Vended Laundry
The coin or vended laundry business is one of the best retail opportunities available today. They are unique small businesses in that they have no inventory or receivables. By owning a laundry, you have an all cash business that is easy to manage and maintain while providing a basic community need; clean laundry.
The vended laundry industry is approximately 60 years old and is primarily composed of individual owner/operators. Currently, there are about 35,000 coin laundries in the United States, generating nearly $5 billion in gross revenue annually. Clean clothes, like food and shelter, are considered a necessity of life and coin laundries provide a basic health service for millions of Americans.
The cost of buying an existing vended-laundry ranges from less than $100,000 to over $1 million, depending on size, age, and net income. Laundries typically occupy between 1,500 and 4,000 square feet of retail space depending on market size, the density of the trade area, and the quality and number of competitors. Most laundries occupy retail space that is rented on a long-term lease (10-25 years). Negotiating a satisfactory lease is the single most important part of developing a new laundry, or purchasing an existing one.
The vended laundry industry is approximately 60 years old and is primarily composed of individual owner/operators. Currently, there are about 35,000 coin laundries in the United States, generating nearly $5 billion in gross revenue annually. Clean clothes, like food and shelter, are considered a necessity of life and coin laundries provide a basic health service for millions of Americans.
The cost of buying an existing vended-laundry ranges from less than $100,000 to over $1 million, depending on size, age, and net income. Laundries typically occupy between 1,500 and 4,000 square feet of retail space depending on market size, the density of the trade area, and the quality and number of competitors. Most laundries occupy retail space that is rented on a long-term lease (10-25 years). Negotiating a satisfactory lease is the single most important part of developing a new laundry, or purchasing an existing one.
Why Choose Cesco?
Unlike other investment opportunities that require you to go it alone, when it comes to investing in and starting a laundromat with Cesco, you have a business partner who will be there for you before, during and after the sale.
With over 22 years of experience in the laundry business, we've learned a thing or two about owning and operating a laundromat. It's important to make sure you have the proper business plan in place before building. When you partner with Cesco, we can provide you with everything you need to make your dream become a reality. Our services include any or all of the following:
With over 22 years of experience in the laundry business, we've learned a thing or two about owning and operating a laundromat. It's important to make sure you have the proper business plan in place before building. When you partner with Cesco, we can provide you with everything you need to make your dream become a reality. Our services include any or all of the following:
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